After This, I'm Done For The Day -- July 31,

Locator: 45267B.

[ERCOT set a new record, but the grid came nowhere close to failing. All of the Texas governor’s detractors are sending governor Abbott thank you cards. LOL.]

Link here.

Simply promoting his new book.

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Permian — Devon

Link here: https://oilprice.com/Energy/Crude-Oil/The-Imminent-Peak-In-Permian-Oil-What-Does-it-Mean-For-Investors.html. $50.

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Apple — China

And then this: https://www.cnbc.com/2023/08/01/apple-could-benefit-in-china-from-users-spending-more-on-smartphones.html.

Nice to see this just before earnings are released later this week.

Having said (seen) that, I’m still not expecting big things. It’s been a tough quarter.

Apple iPhone shipments dropped 24% in the 2Q23, year-over-year — analyst / source. Link: https://www.cnbc.com/video/2023/07/31/all-eyes-on-apple-smartphone-shipments-drop-24-percent-year-over-year-in-q2.html

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Jeep — It’s Not Rocket Science 

Link here: https://www.wsj.com/articles/jeep-looks-to-veer-out-of-sales-ditch-74ba0a58?mod=hp_listb_pos3.

The Jeep brand has gone up market in recent years with several pricey new vehicles. Its market share has gone in the other direction. The rugged American brand that spawned the modern SUV has posted lower sales for eight straight quarters. 

Since mid-2018, Jeep has surrendered significant market share, falling from sixth to ninth in sales among top U.S. brands. 

The decline came as Jeep pushed into new vehicle categories, including a pickup-truck version of its popular Wrangler and the Grand Wagoneer, a large, luxury SUV priced above $90,000. But Jeep has faced stiffer competition in its core markets, like compact and midsize SUVs, as automakers target those categories with new offerings.

We see a lot of those pricey vehicles in our neighborhood, with a lot of Teslas, in addition.